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Trading Rules

Never add to a losing position.

Have no more than 6 or 7 positions at one time that need active management. With how busy I am it is extremely difficult to know what is needed to be known about more than that to effectively manage and extract the most profit from each position. By active management I mean if a position needs to be monitored daily then that would be included in that total. I would exclude something such as dividend plays, Mutual Funds or simply something that you buy and put away for another day.

Avoid trading during the first 30 minutes of the market open & close. The market open and close is volatile to say the least.